Who’s backing Bullard?, “Money Illusion”, and Wings & Inflation 2/22/23
St. Louis Fed President James Bullard just reiterated his call to hike rates north of 5% to beat inflation. How many other Fed officials agree? We’ll set you up for Fed minutes due out shortly, which could give us a clue. Plus, one expert says high inflation is leading some companies to suffer from “money illusion”…and it’s one reason why layoffs haven’t hit just yet. We’ll look at what that means for markets. And, shares of Wingstop are soaring nearly 10% after earnings. We’ll talk to the CEO about the disinflation he’s seeing. And we’ll also hear from the Travel + Leisure CEO about the high demand he’s still seeing, too.